CBRE Asia Pacific

Wellington's prime office market demonstrates resilience within the Australasian landscape. While overall CBD vacancy has seen an increase due to secondary stock, prime grade space continues to perform strongly, exhibiting one of the lowest vacancy rates in the region. Discover the full market dynamics in our latest Wellington Property Market Overview Figures Report Q4 2024: https://cbre.co/4k5cCTA

CBRE Capital Markets is delighted to announce the successful sale of Nos 41-43 Temple Street and part of No 45 Temple Street, Yaumatei. As the Sole Agent, we expertly represented the vendor in a sealed bid exercise. The property was sold to a local buyer, showcasing our team’s dedication to achieving the best outcomes for our clients for sole agency mandate.

“This is a great time in the cycle to be investing," says Dexus CEO Ross Du Vernet. “The window will close quickly, and it will close till the next cycle turns again,” adds The GPT Group CEO Russell Proutt. Tune in to our latest Talking Property podcast to find out why two Australian property leaders believe now is the right time to be targeting high-quality property assets. 📌 Listen here: https://cbre.co/3CCoxHG

Happy Lunar New Year from all of us at CBRE! May the Year of the Snake usher in prosperity, good health and abundance for you and your loved ones. #LunarNewYear #YearoftheSnake

Dear all, it’s with great sadness that I’m posting today following the passing of CBRE Asia Pacific’s Christine Miller, who recently lost her battle with cancer. Christine was an industry trailblazer who joined CBRE in 2017 in a newly created role as Head of Supply Chain Advisory for the Pacific region. She built this service offering from the ground up, following a 20-year career with A.P. Moller - Maersk, the world’s largest shipping and supply chain solution company. Christine started there as a trainee and was the only woman selected for her cohort, setting the pace for innovation in the industry early on. Christine leaves an amazing legacy. She raised the profile of supply chain within the broader property industry, changing the way that both tenants and investors look at property decisions while setting a new standard for end-to-end supply chain solutions. In 2020, her achievements were recognised by RICS Australia with her receipt of the Woman of the Built Environment award. Christine’s passing will be hard felt by many—both at CBRE and with the clients Christine worked with throughout our industry. She was an incredible leader, beloved colleague, and a big part of our CBRE community. Our thoughts go out to Christine’s husband, children, and wider family at this devastating time. Sincerely, Phil Rowland – CEO, Advisory Services, Australia & New Zealand

Will Positive Lender Sentiment Drive Increased Activity in 2025? Our latest Lender Sentiment report reveals a positive shift in lending dynamics. Appetite for development lending is improving towards land subdivisions and apartments. For investment lending, Industrial is the most preferred asset class. Core office is also well supported by domestic banks. Additionally, lenders are demonstrating increased capacity, characterised by higher loan-to-value ratios and more relaxed interest coverage requirements. Green financing is also gaining traction among bank lenders but is less of a focus for non-bank lenders. As we approach 2025, the critical question remains: will this positive sentiment translate into increased market activity? Explore all the insights in the full report via the link in the comments below #Lending #RealEstate #Finance #NewZealand #SurveyInsights #2025Outlook Brent McGregor Matthew St Amand Tim Rookes Zoltan Moricz Alex Nikolaou Richard Zhao

Yesterday, over 40 CBRE staff members and friends joined more than 600 runners at the CBRE Lantau 2 Peaks Race, one of the most challenging events on the local sports calendar. Showing great effort and resilience, participants conquered the tough and technical terrain, with CBRE’s Brian Lee securing second place in the 15KM Open Men category. CBRE is proudly sponsoring the Lantau 2 Peaks by Action Asia Events for the fourth consecutive year, promoting a healthy and active lifestyle among our colleagues and the wider community. Congratulations to all the winners and participants for their incredible determination and spirit!

CBRE Hotels has delved into the effects of recent events on hotel demand in Australia and New Zealand. Our findings reveal that sports, cultural, and business events are the pivotal drivers of this demand. Explore strategies for businesses and government entities to harness the benefits of these events in our comprehensive report. Peter Hamilton #CBRE #CBREHotels #HotelDemand #TourismNewZealand

CBD retail vacancy rates continue to tighten across most of Australia’s major cities. Find out what’s happening in your city in our latest report: https://cbre.co/3ZqagHh The report was created with insights from Kate Bailey, Eza Ranjbar, Cameron Philippe Douglas Perrine, Sameer Chopra, and Charlotte Fordyce

Thank you to all who joined us in our Auckland office for CoreNet Global New Zealand's Office Occupier Sentiment Survey Breakfast. It was great to see so many attendees eager to gain insights into the evolving priorities of New Zealand's office occupiers and the factors influencing real estate strategies. Our very own Zoltan Moricz, Kirstin Cooper, and Campbell Pritchard offered valuable perspectives, drawing on the insights gained from our comprehensive survey of 160 corporate real estate executives across 18 sectors, covering over 428,000sqm of office space in Auckland, Wellington, and Christchurch, with a workforce of over 31,000. Whether you’re assessing your real estate strategy, looking into workplace design trends, or hybrid working practices, our report provides a comprehensive view of how office environments are evolving in New Zealand’s major cities. These insights will help you stay ahead of the curve and make informed decisions that align with the dynamic needs of your business and employees. We invite you to explore the full report here: https://cbre.co/3XytbNo #OfficeOccupiers #officeoccupancy #OfficeWorkspace #CBRENZ #WorkplaceExperience Bridget Fowler Andrew Stringer